Civic Intelligence

Panola Partnership Inc

990 • Fiscal year 2019 • EIN 64-0509626

Oct 01, 2018 to Sep 30, 2019 • Filed on Feb 15, 2020

Organization ProfilePANOLACOUNTY.COM

View Organization Page

150A Public SquareBatesville, MS 38606

(662) 563-8661

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

13th percentile

0.02x

Higher debt load relative to assets than 13% of similar nonprofits.

2019 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

26th percentile

0.12x

Higher debt load relative to revenue than 26% of similar nonprofits.

2019 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2019

Net Margin

85th percentile

20%

Higher net margin than 85% of similar nonprofits.

2019 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2019

Asset Growth

39th percentile

3.3%

Faster asset growth than 39% of similar nonprofits.

2019 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

94th percentile

43%

Faster revenue growth than 94% of similar nonprofits.

2019 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets13th percentile

Assets

Up

$6,375,655

Up $202,299 (+3.3%) from 2018

Net Assets

Up

$6,251,536

Up $202,063 (+3.3%) from 2018

Liabilities

Up

$124,119

Up $236 (+0.2%) from 2018

Revenue And Expenses
Liabilities / Revenue26th percentileNet Margin85th percentile

Revenue

Up

$1,016,372

Up $306,672 (+43%) from 2018

Expenses

Down

$814,309

Down $63,645 (-7.2%) from 2018

Net Income

Up

$202,063

Up $370,317 (+220%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth39th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $3,443,871Liabilities 2010: $1,014,254Net Assets 2010: $2,429,6172010Assets 2011: $2,274,365Liabilities 2011: $6,136Net Assets 2011: $2,268,2292011Assets 2012: $2,125,104Liabilities 2012: $5,661Net Assets 2012: $2,119,4432012Assets 2013: $5,952,172Liabilities 2013: $5,752Net Assets 2013: $5,946,4202013Assets 2014: $5,936,865Liabilities 2014: $141,060Net Assets 2014: $5,795,8052014Assets 2015: $6,024,363Liabilities 2015: $140,796Net Assets 2015: $5,883,5672015Assets 2016: $6,253,971Liabilities 2016: $122,100Net Assets 2016: $6,131,8712016Assets 2017: $6,372,664Liabilities 2017: $126,707Net Assets 2017: $6,245,9572017Assets 2018: $6,173,356Liabilities 2018: $123,883Net Assets 2018: $6,049,4732018Assets 2019: $6,375,655Liabilities 2019: $124,119Net Assets 2019: $6,251,5362019Assets 2020: $6,159,420Liabilities 2020: $3,351Net Assets 2020: $6,156,0692020Assets 2021: $6,191,832Liabilities 2021: $2,854Net Assets 2021: $6,188,9782021Assets 2022: $6,254,507Liabilities 2022: $3,236Net Assets 2022: $6,251,2712022Assets 2023: $6,503,521Liabilities 2023: $4,311Net Assets 2023: $6,499,2102023Assets 2024: $6,465,910Liabilities 2024: $4,600Net Assets 2024: $6,461,3102024Assets 2025: $6,144,454Liabilities 2025: $3,510Net Assets 2025: $6,140,9442025

Highlighted filing

2019

Assets$6,375,655
Liabilities$124,119
Net Assets$6,251,536
Open 2019 Filing

Operations Trend

Revenue Growth94th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $577,4872010Expenses 2011: $814,9922011Expenses 2012: $1,272,8002012Expenses 2013: $551,2342013Revenue 2014: $537,954Expenses 2014: $688,569Net Income 2014: -$150,6152014Revenue 2015: $542,530Expenses 2015: $454,768Net Income 2015: $87,7622015Revenue 2016: $786,423Expenses 2016: $538,119Net Income 2016: $248,3042016Revenue 2017: $685,645Expenses 2017: $571,559Net Income 2017: $114,0862017Revenue 2018: $709,700Expenses 2018: $877,954Net Income 2018: -$168,2542018Revenue 2019: $1,016,372Expenses 2019: $814,309Net Income 2019: $202,0632019Revenue 2020: $909,928Expenses 2020: $1,005,395Net Income 2020: -$95,4672020Revenue 2021: $1,068,440Expenses 2021: $1,035,531Net Income 2021: $32,9092021Revenue 2022: $1,248,996Expenses 2022: $1,186,703Net Income 2022: $62,2932022Revenue 2023: $1,257,380Expenses 2023: $1,009,441Net Income 2023: $247,9392023Revenue 2024: $1,379,136Expenses 2024: $1,417,036Net Income 2024: -$37,9002024Revenue 2025: $995,643Expenses 2025: $1,316,009Net Income 2025: -$320,3662025

Highlighted filing

2019

Revenue$1,016,372
Expenses$814,309
Net Income$202,063
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Feb 15, 2020
Return Version
2018v3.1
Gross Receipts
$1,016,372
Mission and Program Overview

Mission

Panola partnership, inc. Is organized to encourage, foster, and stimulate the growth of commerce; to advertise and bring into favorable notice the opportunities, possibilities, and resources of panola county, mississippi and its municipalities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$6,049,473$6,251,536▲ $202,063
Land, Buildings, and Equipment, Net$3,805,859$4,108,507▲ $302,648
Savings and Temporary Cash Investments$1,987,301$1,758,892▼ $228,409
Cash and Non-Interest-Bearing Accounts$371,331$392,839▲ $21,508
Other Notes and Loans Receivable, Net-$100,000-
Accounts Receivable$8,865$15,417▲ $6,552
Total Assets$6,173,356$6,375,655▲ $202,299
Liabilities
Other Liabilities$118,000$118,000→ $0
Accounts Payable and Accrued Expenses$5,883$6,119▲ $236
Total Liabilities$123,883$124,119▲ $236
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,049,473$6,251,536▲ $202,063
Total Liabilities and Net Assets / Fund Balance$6,173,356$6,375,655▲ $202,299

Asset Categories

AssetBook ValueDepreciationBasis
Land$2,070,922-$2,070,922
Buildings$1,285,889$40,407$1,326,296
Other Land Buildings$734,757$282,434$1,017,191
Equipment$16,939$120,352$137,291
Compensation and Service Providers
Top Officer Pay12th percentile

Board Members and Trustees

NameTitle
Tom HodgePast President
George FarrishPresident
Doug BollingerVice President
Blake ShippDirector
Brad RobisonDirector
David KarrDirector
Eddie NaborsDirector
Gary KornegayDirector
Kate VictorDirector
Nick BergeronDirector
Stephen WhatleyDirector
Richard PhillipsDirectorlegal Counsel
J J HeafnerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$679,461
Program Service Revenue
$113,820
Investment Income
$48,843
Other Revenue
$174,248
All Other Contributions
$72,068
Change in Net Assets
$202,063
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$504,601
Salaries, Compensation, and Employee Benefits$309,708
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$256,001
Depreciation Depletion---$101,959
Fees for Services Other---$74,272
Other Expenses$41,241--$41,241
All Other Expenses---$30,262
Other Employee Benefits---$25,805
Occupancy---$24,884
Conferences and Meetings---$20,269
Insurance---$19,534
Payroll Taxes---$18,235
Office Expenses---$18,099
Fees for Services Legal---$12,970
Advertising---$11,008
Pension Plan Contributions---$9,667
Travel---$7,389
Fees for Services Accounting---$4,435
Interest---$177
Total Functional Expenses$0$0$0$814,309
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payable to Tg Missouri$118,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

“Panola partnership members are those businesses and individuals who have paid annual membership dues.”

Member election for additional members Part VI line 7A

“Nominees for the board of directors are submitted to a nominating committee from the general membership. The nominating committee submits a slate of nominees that the general membership then votes on at the annual meeting.”

Governing body decisions Part VI line 7B

“Election of members of the board of directors is done by the general membership.”

Committee meeting documentation Part VI line 8B

“There are no committees which have authority to act on behalf of the governing body.”

Form 990 governing body review Part VI line 11

“The accountant is available to meet with personnel to answer any questions and to insure that all appropriate forms and schedules on the tax return are completed.”

Conflict of interest policy compliance Part VI line 12C

“The organization discusses conflict of interest issues at board meetings and at least annually to ensure that everyone in the organization understands what constitutes conflicts of interest.”

Governing documents etc available to public Part VI line 19

“Governing documents, conflict of interest policies, and financial statements are made available to the public upon request. These documents are stored in the main office and are labeled for easy access when requests are made from the public.”

Filing and Contact Details

Filer

Filer Name
Panola Partnership Inc
EIN
64-0509626
Address
150A PUBLIC SQUARE, BATESVILLE, MS 38606

Signing Officer

Name
George Farrish
Title
President
Phone
6625633126
Signed
2020-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
George Farrish
Formed
1996
Legal Domicile
Ms
Voting Board Members
8
Independent Board Members
8
Employees
4

Preparer

Firm
William H Polk and Co Cpas
Address
105 PUBLIC SQUARE, BATESVILLE, MS 38606
Preparer
Amy Byars
Phone
6625638661
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IRS990/OtherExpensesGrp/Desc2SPECIAL EVENTS
IRS990/OtherExpensesGrp/Desc3LS POWER
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IRS990/PrincipalOfficerNm0GEORGE FARRISH
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IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE REVENUE
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0113820
IRS990/ProgSrvcAccomActy2Grp/Desc0COMPLETED THIS YEAR 2019 WAS A TRAINING CENTER OPERATED BY NORTHWEST COMMUNITY COLLEGE AND WILL BE ABLE TO TRAIN 800 PARTICIPANTS PER YEAR AND OFFER AN ADDITIONAL 65 JOBS TO THE AREA.
IRS990/ProgSrvcAccomActy3Grp/Desc0GE AVIATION OPENED IN OCTOBER, 2008 IN BATESVILLE, MS WITH A PROJECTED INVESTMENT OF $115 MILLION AND A PROJECTED EMPLOYMENT OF 482 NEW JOBS BY SEPTEMBER 2013. ANOTHER PRODUCT LINE WILL BE INTRODUCED CREATING 100 ADDITIONAL JOBS TO BE COMPLETED IN 2017.
IRS990/ProgSrvcAccomActyOtherGrp/Desc0TOYOTA PURCHASED AN EXISTING BUILDING IN OUR INDUSTRIAL PARK IN APRIL, 2008 TO SUPPLY PARTS FOR TOYOTA IN BLUE SPRINGS, MISSISSIPPI. THE INVESTMENT IS $25 MILLION AND A JOB PROJECTION OF 50 TO 60. PRODUCTION BEGAN IN SEPTEMBER 2011 AND MAJOR EXPANSION COMPLETED IN SEPTEMBER 2013 WITH ADDITIONAL 40 JOBS. AN ADDITIONAL EXPANSION IS IN PROCESS AND WILL ADD ANOTHER 20 JOBS.IN 2015, ANDERSON TECHNOLOGY ADDED 15 JOBS WITH A $2,500,000 INVESTMENT.
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IRS990/PYTotalExpensesAmt0877954
IRS990/PYTotalRevenueAmt0709700
IRS990/ReconcilationRevenueExpnssAmt0202063
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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/ReportOtherLiabilitiesInd0true
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt01758892
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt040407
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IRS990ScheduleD/EquipmentGrp/BookValueAmt016939
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0120352
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0137291
IRS990ScheduleD/LandGrp/BookValueAmt02070922
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02070922
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0734757
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYABLE TO TG MISSOURI
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IRS990ScheduleD/TotalLiabilityAmt0118000
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PANOLA PARTNERSHIP MEMBERS ARE THOSE BUSINESSES AND INDIVIDUALS WHO HAVE PAID ANNUAL MEMBERSHIP DUES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NOMINEES FOR THE BOARD OF DIRECTORS ARE SUBMITTED TO A NOMINATING COMMITTEE FROM THE GENERAL MEMBERSHIP. THE NOMINATING COMMITTEE SUBMITS A SLATE OF NOMINEES THAT THE GENERAL MEMBERSHIP THEN VOTES ON AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ELECTION OF MEMBERS OF THE BOARD OF DIRECTORS IS DONE BY THE GENERAL MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THERE ARE NO COMMITTEES WHICH HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ACCOUNTANT IS AVAILABLE TO MEET WITH PERSONNEL TO ANSWER ANY QUESTIONS AND TO INSURE THAT ALL APPROPRIATE FORMS AND SCHEDULES ON THE TAX RETURN ARE COMPLETED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION DISCUSSES CONFLICT OF INTEREST ISSUES AT BOARD MEETINGS AND AT LEAST ANNUALLY TO ENSURE THAT EVERYONE IN THE ORGANIZATION UNDERSTANDS WHAT CONSTITUTES CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THESE DOCUMENTS ARE STORED IN THE MAIN OFFICE AND ARE LABELED FOR EASY ACCESS WHEN REQUESTS ARE MADE FROM THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Committee meeting documentation Part VI line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Governing documents etc available to public Part VI line 19
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IRS990/TotalContributionsAmt0679461
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01016372
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06375655
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IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0PANOLACOUNTY.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GEORGE FARRISH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06625633126
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-02-15
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ReturnHeader/FilingSecurityInformation/IPDt02019-12-20
ReturnHeader/FilingSecurityInformation/IPTm015:30:35
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0640641856
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WILLIAM H POLK AND CO CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0105 PUBLIC SQUARE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BATESVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd038606

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,375,655
Liabilities
$124,119
Net assets
$6,251,536
Revenue
$1,016,372
Expenses
$814,309
Net income
$202,063
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$6.14$0.00$6.14$1.00$1.32$0.32
2024Detailed filing. Detailed filing data is available for this year.$6.47$0.00$6.46$1.38$1.42$0.04
2023Detailed filing. Detailed filing data is available for this year.$6.50$0.00$6.50$1.26$1.01$0.25
2022Detailed filing. Detailed filing data is available for this year.$6.25$0.00$6.25$1.25$1.19$0.06
2021Detailed filing. Detailed filing data is available for this year.$6.19$0.00$6.19$1.07$1.04$0.03
2020Detailed filing. Detailed filing data is available for this year.$6.16$0.00$6.16$0.91$1.01$0.10
2019Detailed filing. Detailed filing data is available for this year.$6.38$0.12$6.25$1.02$0.81$0.20
2018Summary only. Only limited summary data is available for this year.$6.17$0.12$6.05$0.71$0.88$0.17
2017Detailed filing. Detailed filing data is available for this year.$6.37$0.13$6.25$0.69$0.57$0.11
2016Detailed filing. Detailed filing data is available for this year.$6.25$0.12$6.13$0.79$0.54$0.25
2015Detailed filing. Detailed filing data is available for this year.$6.02$0.14$5.88$0.54$0.45$0.09
2014Detailed filing. Detailed filing data is available for this year.$5.94$0.14$5.80$0.54$0.69$0.15
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.95$0.01$5.95$0.55
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.13$0.01$2.12$1.27
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.27$0.01$2.27$0.81
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.44$1.01$2.43$0.58